Portersville, Pennsylvania Property Taxes
The median property tax rate in Portersville, PA is 2.40%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Portersville at $90,950, the typical annual property tax bill reaches $2,459, which is below the national median of $2,690. Property taxes in Portersville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Portersville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Portersville or another part of Lawrence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Portersville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.4%
Estimate Property Tax Bill
$2,183
Ownwell’s PORTERSVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PORTERSVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PORTERSVILLE to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Portersville, Pennsylvania
Property taxes in Portersville, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Portersville is 2.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Portersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portersville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Portersville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16051 zip code has the highest median property tax rate of 2.40%, while the lowest median tax rate is also 2.40%. Understanding how these cities compare with Portersville provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Portersville Tax Rate
2.40%
Average Lawrence County Tax Rate
2.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Portersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16051 | 2.40% | 2.40% | 2.40% | 2.84% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Portersville, Pennsylvania
In Portersville, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Lawrence County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Portersville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. With a median home price of $90,950, Portersville's tax bills range significantly, with the 25th percentile at $1,761 and the 90th percentile reaching $4,679. The highest and lowest median tax bills, both at $2,459, are found in the 16051 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Portersville, Pennsylvania
Source: Ownwell
$43,200
$80,550
$117,900
Average Portersville Assessed Value
$90,950
Average Lawrence County Assessed Value
$65,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Portersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16051 | $28,400 | $62,250 | $90,950 | $136,300 | $180,850 |
Source: Ownwell
Property Tax Bills Across Portersville, Pennsylvania
In Portersville, located in Lawrence County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessment office. This assessed value is then multiplied by the local tax rate to generate the annual tax bill. For instance, with a median home price of $90,950, homeowners can expect varying tax bills depending on the exact assessed value and applicable tax rates. Factors such as property size, location, and improvements can influence the assessed value. For example, the 25th percentile tax bill is around $1,761, while the 75th percentile reaches approximately $3,548. At the higher end, the 90th percentile tax bill can be as much as $4,679. In comparison, the highest median tax bill in the area stands at $2,459, which is significantly higher than the national median property tax rate of 0.99%. These property tax bills can significantly impact homeowners by influencing their annual budgeting and long-term financial planning. Higher tax bills may also affect the overall affordability of owning property in Portersville.
Average Portersville Tax Bill
$2,459
Average Lawrence County Tax Bill
$2,023
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Portersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16051 | $918 | $1,761 | $2,459 | $3,548 | $4,679 |
Source: Ownwell